French President-elect Francois Hollande
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Francois Hollande facing EU fiscal pact battle

French President-elect Francois Hollande is to start work on forming a new government, after telling supporters his victory gave hope of an end to austerity.

Mr Hollande has vowed to rework a deal on government debt in eurozone member-countries to focus on promoting growth.

Mrs Merkel congratulated the president-elect by phone and invited him to Berlin to hold talks soon, but she warned the fiscal compact was "not up for grabs".

Hugh Schofield reports.

  • 08 May 2012
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